Will food prices ever return to pre-pandemic levels?

A food economist expects prices to remain high through the end of the year.

An economist with Michigan State University says high food prices are here to stay.

David Ortega says grocery store prices rose 10 percent over the last five months and he expects them to remain elevated in the near term through the end of the year.

He says prices will not ever retreat to pre-pandemic levels, but he is hopeful the rate of increase will slow down to a more reasonable level.

“Prices won’t likely go back to levels prior to the pandemic because there is a general increase in prices that happens through time, but that rate of increase will return to much more reasonable levels,” said Ortega.

Ortega believes historic input costs and weather changes will remain key factors in food prices moving forward.

Related Stories
Global food prices inched upward for the third consecutive month according to the latest FAO Food Price Index. While some Americans struggle to source their next meal, others are ordering high-priced food delivery straight to their door more than ever before.
The JBS Australia study documented the carbon footprints of 176 cattle farms that claimed to be implementing regenerative agriculture practices.